SUBSIDIARY NAME
QM Construction Project
COUNTRY
Turkey
SECTOR/ INDUSTRY
REAL ESTATE
OWNERSHIP %
70% IIB-DG
ACQUISITION DATE
July 1, 2022
ACQUISITION VALUATION
400 MILLION
TOTAL ASSET VALUATION
4 BILLION
REAL ESTATE
QM Construction Project by Qudamah al-Musawi acquired on July 1, 2022.
Currently, 40 floors are completed for each tower, and the rest is to complete the rest of the floors of the two towers, as well as the project services, including swimming pools, parks, green spaces, and interior and exterior finishes for both towers, with 874 residential units and 52 shops.
Completion period from 20 months to 24 months
5. Sapanca 5 Star Hotel
The completion rate is 60% / 40% left to complete Civil works fully ready The rest is the final finishes (from dividing hotel rooms, meeting rooms, guests and events, finishing swimming pools, green lands, services for the resort…etc.)
The hotel consists of 8 floors + 2 underground floors for parking.
And the number of hotel rooms:
- 125 Suite room
- 250 Standard room
There are 7 halls for events and meetings,
The period of completion of the resort is from 20 months to 24 months